Fully Occupied With Redevelopment Opportunity On Excessive Land

634 & 600 East Patton Avenue Montgomery, AL 36111

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FOR SALE
Property Type:
Community Center
Amount:
$2,500,000
Last Verified:
Oct 28, 2016


Montgomery Alabama is The Top 5 auto-producing state, will become an even more important center of auto manufacturing in the United States.
All three automakers with assembly operations in Alabama set production records in 2012, combining for an annual tally exceeding 880,000. That record almost certainly will be eclipsed this year, thanks to the expansion projects. The Mercedes-Benz plant in Vance, for instance, is in the midst of a $2.4 billion expansion, which is drawing new suppliers into its orbit and further extending Alabama’s auto manufacturing infrastructure.
Normandale Shopping Mall s located south of downtown Montgomery and just 5 minutes from a new $1 billion Hyundai plant providing thousands of jobs in the immediate area. The Property’s proximity to downtown Montgomery affords it easy access to area expressways, shopping, parks and other recreational areas. MONTGOMERY, Alabama -- Workers at Hyundai's Montgomery auto assembly plant built 32,384 vehicles in July, and the company plans two working Saturdays this month to keep pace with demand.

Last month, workers produced 20,910 Sonata sedans and 11,474 Elantra compacts. The total is a 9.6 percent growth over the amount of vehicles assembled at the plant in July 2013.
Please open the link
http://www.madeinalabama.com/2013/02/alabama-auto-manufacturing-industry-growing/
Normandale shopping Mall is situated just 5 minutes from two country clubs, Huntingdon College, Baptist Medical Center South and is only 15 minutes from Maxwell Air force Base. The surrounding neighborhood benefits from connecting roads, schools, churches and community services.

11 acre land is for sale with an addition $500,000. The total sale Would Be $3,000,000.
Governmental Housing Development Around The Shopping Mall Has Been Started
Long Term, National, Franchise, & Credited Tenants
The Owner has been spend thousands of dollars for maintaining and remodeling the centers
To Know More About The Opportunity Copy & Past The Below Link
http://www.alabamanews.net/home/top-stories/renovations-underway-At-Normandale-Mall-302242671.html?m=y&smobile=y

Year Built: 1954
Building Size: 101952.0sq ft
Building Class: B
Lot Size: 13.11 acres

Map of 634 & 600 East Patton Avenue, Montgomery, AL, 36111

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.